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Benzinga
Benzinga
Business
Samyuktha Sriram

'No Idea Why Dogecoin Market Is $36B:' BofA Analyst Slams Meme Coin, Says It Has No Use Case

Alkesh Shah BofA Securities

BofA Securities head of cryptocurrency and digital assets Alkesh Shah said he has “no idea” why Dogecoin (CRYPTO: DOGE) has a market value of $36 billion.

What Happened: In a webinar hosted by Columbia Business School on March 16, Shah was talking about the bank’s digital asset research evaluation of the top 10 crypto tokens.

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